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London house prices fell for the first time in eight years in 2017 and the capital was the worst performing region of the UK for the first time since 2004.
First Property said it raised the money to "take advantage of the slowdown in the UK commercial property market since" the June referendum last year.
Asking prices for UK homes fell 0.4% in June, the first fall in the month since 2009, according to property website Rightmove
The Royal Institute of Chartered Surveyors (RICS)'s monthly survey of its members 'points to a lacklustre set of overall conditions' in May.
Billions were poured into redeveloping Battersea and Nine Elms over the last few years but investor demand for luxury flats has dried up.